Depositphotos cancels its pay-by-SMS functionality

Fort Lauderdale, Florida, September 18, 2012 – Depositphotos, the fastest-growing microstock agency in the world, will not accept payment by SMS anymore, since this method has proved to be unprofitable.

From the moment Depositphotos was founded, its goal was to provide its clients with the widest range of payment methods possible. Therefore, the company introduced its innovative pay-by-SMS functionality. However, this technology proved too expensive: due to high mobile rates Depositphotos’ contributors, as well as the company itself, were earning significantly less than they did when files were purchased with other payment methods.

In the future, the company will focus on any functionality that has the potential of being beneficial both for buyers and for contributors. Thus, the development of subscription plans and payment-by-credits options is the priority of the moment.

About Depositphotos Inc.

Depositphotos is the fastest-growing stock photo agency in the world. Currently, it offers over 9 million stock photographs and vector images sold under royalty-free licenses. The stock photo library is increased daily by thousands of images, carefully screened and selected by moderators. The company is headquartered in Florida, USA, and has business offices in Germany, Great Britain, Ukraine and Russia.

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Sandra Iakovleva

Sandra is a former student at the University of Arts London with a distinctive passion for art and design. Currently a writer and editor at Depositphotos covering all the latest topics on photography, design and marketing.